Whole of Market Bridging Loans Broker

RATED A (Very Low Risk)

We are a specialist provider for all types of property related finance, especially bridging and development finance, and are directly authorised and regulated by the Financial Conduct Authority (FCA), FRN 667602

The staff at our conveniently located head office have many years of relevant industry experience in regulated and non-regulated property finance and have consistently been voted for top industry awards. As a premier partner with major lenders, we offer our customers an excellent service combined with the very best rates in the lending market and in the quickest possible time frame. 5***** Trustpilot feedback

Data Protection ZA115985

About Our Bridging Loans

Master broker with market leading rates
Access to numerous ‘special’ products
No upfront fees
Many years of relevant senior experience
Business / Commercial Bridging Finance

FCA regulated 667602 & ICO (Data Protection) ZA115985
Whole of Market offering
Products covering all scenarios
Extended opening hours, 7 days per week
Residential & Development Finance

The 4 Step Bridging Loan Process

It is our aim to provide expert and quick bridging solutions without the confusion so have simplified the process you will go through when applying for bridging finance for urgent matters.

Basic enquiry – We provide each of our prospective clients with free and impartial advice during an initial consultation over the phone where we will discuss your individual requirements, personal circumstances and the available options. As qualified bridging specialists, we will approve the decision to lend in principal there and then, whilst providing an accurate estimation of the borrowing costs.
Detailed quote and loan acceptance – The process is fast. It usually takes around an hour or two for us to source a suitable finance solution. Next, we will send you an email with a detailed quote once you have been accepted by one of our lenders.
Property valuation and legal works – If you decide to go ahead with the bridge loan offer, we will then need to instruct a valuation on the property you are using as collateral. Although this is not always necessary, the majority of lenders will require a valuation to be carried out.
Depending on how urgent the situation, the necessary legal works can be carried out at the same time as the valuation although, in most instances, they can be dealt with nearer the time of the funds being issued.
Completion or Payout – Also known as Drawdown, once the loan is ready the funds can be released to the borrower quick, either immediately or as soon as they are needed.

Common Uses for Bridging Finance

Business Funds
Auction Finance
Cash Flow Problems
Tax Liabilities
Property Refurb
Buy to Let
Moving House
Chain Break

Bridging Finance – Regulated vs Non-Regulated Loans

A bridging loan can be a uniquely flexible and cost-effective borrowing solution for covering urgent costs and funding time-critical investment opportunities. Bridging finance can be issued up to around 85% LTV, secured against almost any type of property and used for most legal purposes.

With all the paperwork in place, a bridging loan can be arranged in as little as a few working days. Repayable over a maximum term of 12 to 18 months, bridging finance is typically charged at a rate of 0.5% per month.

All bridging loan agreements are tailored to suit the unique requirements of the borrower, with a broad range of regulated and non-regulated products available.

Your broker will help determine which of the two best suits your needs, while negotiating on your behalf to ensure you get an unbeatable deal from a top-rated lender.

Regulated Bridging Finance

A regulated bridging loan is issued when the applicant’s asset (security) for the facility is either currently used or intended to be used as a residential home by the borrower or a member of their family.

Regulated bridging loans can be used for majority of legal purposes, though cannot be issued in the form of a second charge loan with commercial applications in mind.
This could be a useful facility for eligible borrowers who are looking to:

Buy a home or a commercial property at auction
Extend their buy-to-let property portfolio
Conduct renovations or improvements on a property they own
Raise capital for business purposes
Escape the property chain when relocating

Typical features of a regulated bridging loan include:

Available from £50,000 with no upper limit
Can be secured against any type of property
Fast completions (often a few working days)
Flexible loan terms of 1 to 18 months
Competitive monthly interest and low borrowing costs

Non-Regulated Bridging Finance

Non-regulated bridging finance is issued when the security for the loan is not a property that the borrower or a member of their family resides in or intends to move into as their main home.

Non-regulated bridging finance can be used for almost any legal purpose and is not subject to the same restrictions regarding second-charge loans being used for business or commercial applications.

This makes non-regulated bridging finance a useful option for commercial customers, business borrowers and established investors, who may be looking to expand an established property portfolio.

The basic features of non-regulated bridging finance are similar to those of regulated bridging finance, though often with greater flexibility regarding the types of assets that can be used as security for the loan.

For more information on any of the above or to discuss the benefits of bridging finance in more detail, contact a member of the team at UK Property Finance today.